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Why do 80-90% of beginner Forex traders lose ALL of their money?

Discussion in 'Beginners Bootcamp' started by cowmadagan, Jan 12, 2010.

  1. Mark Fahad

    Mark Fahad Banned spammer for MxTrade and TradingBanks

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    In Forex trading by and large traders in particularly the newcomers try to make money from here without learning. As a result, 90% traders are loser from this market place due to lack of exact trading knowledge. So, before earning money from Fx trading we the traders first of all have to acquire most powerful analyzing trade knowledge by learning.
     
  2. EuroTrader

    EuroTrader Sergeant Major

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    It is a known fact that many of the Forex traders are making losses in their trades and the reasons for such losses are many :D
     
  3. Froso@FXNET

    Froso@FXNET FxNet.com Representative

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    For loss there are many factors involving . First thing that is important misunderstanding market ,when we not analyze well there are no good results for us then risk and ability to manage it counts a lot in loss traders face.
     
  4. carnelian

    carnelian Private

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    As we know most of the people not spend time for learning and getting skill they want to get profits just after enter in forex market. It is impossible to be successful as a starter until you had no trading skill.
     
  5. downtrend

    downtrend Sergeant

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    Beginners lose money, its a fact but if you are losing too much in start then you should go back to demo account OR you should start trading live on the first place if you are not experienced enough.
     
  6. EURUSD

    EURUSD Sergeant Major

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    I think all trader even as profesional trader also ever faced with loss, but indeed as beginner might percentage of loss still higher than profit, but start from loss hence usually they will learn from their mistake and will learn better
     
  7. nahiyar

    nahiyar Private, 1st Class

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    Beginners do more mistakes due to their low experience in trading. They do not follow trend not had a plan for trading so loss occurs mostly in their trading. Professionals are not free from loss they face unexpected loss when they are overconfident and do high risk trading thinking they will handle loss.
     
  8. dafads

    dafads Recruit

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    in the beginning the trader have no enough knowledge or patience and confidence so they lose.
     
  9. Bvikech

    Bvikech Recruit

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    Many newbies lose their deposits because they hear about forex from soemwhere and immediately start trading without knowing anything about the process itself. They think of forex as a game of russian rulette...
     
  10. EURUSD

    EURUSD Sergeant Major

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    Maybe these also as lone reason because they rush want to making quick money here, and because lack experience also knowledge hence they trade only based on lucky while in fact forex also need goood understanding with the market behaviour
     

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